Brexit is a Tory invention and pro-Europeans must still fight the prospect of EU exile, writes Will Hutton.

Mark Carney and other financiers seem to think London can do business as usual without playing by the EU's rules. This is confidence bordering on complacency.

Chief among these is Britain, who in leaving the European Union, has placed a disproportionate emphasis on the potential benefits arising from a new trade deal with the US.

While businesses struggle with the red tape of no-deal planning, ministers are busy with commemorative coins.

Leaving the single market will come as a huge blow to the services sector. Rather than acknowledging that fact, our ruling class have opted to press on.

The Tory commitment to self-imposed isolation – and the loss of influence involved in being impacted by Europe’s decisions and yet not shaping them – makes even less strategic sense now than in back in the party’s pro-European days.

Without a deal, the country’s departure from the European Union will be a disaster.

Austerity in the UK has been a political choice, made by this Tory Government, and has nothing to do with the EU or single market rules. EU rules impose no restriction whatsoever on the level of public spending